GTCR, a private equity firm, has closed the acquisition of Global Claims Services. GCS, headquartered in Jacksonville, Florida, is an insurance technology company that leverages its proprietary databases and custom applications to provide critical cost containment solutions to the P&C insurance industry.
“GCS is excited to partner with GTCR. We look forward to continuing to support our insurance carrier partners while expanding our product offering through innovation and acquisitions,” said GCS CEO Bob Logan. “GTCR brings unique resources and experience in building industry-leading companies and expects to commit significant additional capital to fund growth.”
“Bob and the GCS team have developed and scaled a number of unique technologies that have become mission critical tools in the insurance industry,” said GTCR managing director Aaron Cohen. “We look forward to being partners with the GCS team and accelerating their growth through acquisitions.”
David Donnini, managing director at GTCR, added, “GCS’s proprietary technology and related services create a strong customer value proposition which sets the Company apart. We are excited to partner with Bob and the GCS team as we support them in their next phase of expansion.”